ECB Monthly Bulletin | May 2013

Summary:

The Monthly Bulletin was published from January 1999 to December 2014. The Monthly Bulletin was published one week after each monetary policy meeting of the ECB's Governing Council. It explained the monetary policy decision and provided a detailed analysis of the current economic situation and risks to price stability.

Table of Contents:

• Editorial
• Economic and Monetary Developments
  • The external environment of the euro area
    • Box 1 How have global value chains affected world trade patterns?
  • Monetary and financial developments
    • Box 2 The results of the euro area bank lending survey for the fi rst quarter of 2013
    • Box 3 Survey on the access to finance of small and medium-sized enterprises in the euro area: October 2012 to March 2013
    • Box 4 Integrated euro area accounts for the fourth quarter of 2012
  • Prices and costs
    • Box 5 Recent house price developments in the euro area
    • Box 6 Results of the ECB Survey of Professional Forecasters for the second quarter of 2013
  • Output, demand and the labour market
    • Box 7 The 2013 Macroeconomic Imbalance Procedure
    • Box 8 Uncovering the dynamics of residential investment
• Articles
  • An assessment of Eurosystem staff macroeconomic projections
  • Country adjustment in the euro area: where do we stand?
  • Target balances and monetary policy operations
• Euro Area Statistics
• Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Publications produced by the European Central Bank
  • Glossary

• Primary Source

• Alternative Source